Jim Blaze writes about the movement of grain by rail. This is a huge business for U.S. and Canadian railroads, and is also critical to the export market of the two countries.
Millions of tons of cargo, inducing U.S. grains, remain stuck due to flooding.
Locks are closed, tons of grains can’t get to ports for export.
The final part of the FreightWaves series on the Panama Canal focuses on dry bulk transits. The two trends: US agribulk cargo to Asia is down, Colombian coal to the west coast of South America and Asia is up.
It’s an offer that expires on June 30, 2019.
Tens of millions of dollars worth of corn and soybeans likely destroyed by major Midwest flooding. Not all farmers will be able to recuperate losses.
Countless acres of farms, ranch lands destroyed by recent floods in Iowa, Nebraska. Will impact food on our tables.
Soybeans and corn are pretty big crops in Ohio. After a drought scare earlier this year, growers have been rebounding nicely.
Excess rain, record snowfall made North Dakota fields muddy last week. Crop damage not likely, but harvests will be delayed.
Bulk trailers, including walking floor and end dumps, are commonly used for cleanup following hurricanes. The timing of Florence could create a capacity issue in the southeast for ag products as owners of these types of trailers shift to cleanup efforts.
